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Apr 10, 2010 6:15pm EDT
majority of married people, the head by filing joint returns. host: west virginia. caller: i went like to ask you a question first. host: go ahead. caller: can you consider having one person on since this coal mining disaster has occurred. that is right in my backyard. i like to hear his perspective on what is going on. he is right there in washington, d.c. i had a couple of questions for kevin. i am 58. this year i can take money out of my traditional ira. is that correct? can i role that over to a roth ira and then i am responsible for the tax on that? i have an illness that requires me to buy air purifiers that are quite expensive. can i claim those on my tax as a medical expense? guest: air purifiers like that is considered a medical expense. you have to have to itemize deductions for that. and they must exceed 7.5% of your a.g.i. in a few years, that will go up to 10%. if the total exceeds 7.5 senna of your income, then you can deduct medical expenses -- % of your income, then you can deduct medical expenses. there is no penalty if you roll money from one ira to another. the big t
Apr 17, 2010 6:15pm EDT
privilege of representing the hard-working people of virginia's seventh district. this week, americans from coast to coast send their tax payments to washington. your government continues to spend more and more. that means that your taxes are more and more. this has to stop. you can help stop it. the challenges and situations faced by families, small- business people, and young workers have no doubt made this tax day particularly painful. but as painful as it was, the truth is that the actions taken by speaker nancy pelosi, majority leader harry reid, and the obama administration are going to make the tax days of the future much, much worse. president obama has signed 25 tax increases passed by the democratically-controlled congress into law that will cost families and small- business people more than $670 billion over the next 10 years. many of these break the president's campaign promise not to raise taxes on families making less than $250,000 a year. in the house, speaker pelosi and her majority have passed legislation that will result in more than $1 trillion -- that is with a "t" -- in
Search Results 0 to 1 of about 2